{
  "id": 15906128,
  "title": "Bybit will look for big broker partnerships to take on Robinhood in the U.S.",
  "url": "https://urgent.news/2026/10/21/bybit-will-look-for-big-broker-partnerships-to-take-on-robinhood-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T15:09:22.000Z",
  "source": {
    "name": "CoinDesk",
    "slug": "coindesk",
    "url": "https://www.coindesk.com/business/2026/10/16/bybit-will-look-for-big-broker-partnerships-to-take-on-robinhood-in-the-u-s"
  },
  "original_language": "en",
  "account": "Bybit, a leading global cryptocurrency exchange, is strategizing to enter the U.S. market and compete with established players like Robinhood Markets. The company's CEO, Ben Zhou, revealed that Bybit will seek out a local partner to help navigate the U.S. cryptocurrency landscape. Zhou suggested that partnering with a firm already present in the U.S. with a significant client base could be the best approach. Interactive Brokers, a well-known U.S. broker, was cited as a potential partner. Bybit's global presence, with over 80 million registered users across 180 countries, has led the company to pursue a licensing strategy that avoids the lengthy state-by-state process pursued by competitors such as Coinbase. Instead, Bybit aims to obtain a federal license through the anticipated passage of the Clarity Act. Zhou believes that Bybit's status as a newcomer to the U.S. market provides an advantage, as it has a clean record and can enter the market at the opportune moment. While Southeast Asia, Latin America, and Africa present competitive markets, the U.K. has emerged as a promising alternative for Bybit's growth strategy. The U.K. is developing a new regulatory framework for cryptocurrencies, and currently, no major global exchange dominates the market. Although the cost of entering the U.K. market may be high, similar to acquiring a MiCA license in the EU, Zhou is actively exploring opportunities in this untapped market. Recently, Zhou met with government-linked entities, including the Financial Conduct Authority and members of the House of Lords, to discuss potential partnerships. Zhou mentioned that Bybit is in the process of establishing a London office.",
  "summary": "When it comes to the U.S., Bybit will look to work with with someone like Interactive Brokers (IB), for example, said CEO Ben Zhou.",
  "key_points": [
    "Bybit seeks U.S. broker partnership to compete with Robinhood.",
    "CEO Ben Zhou suggests partnering with a firm with significant U.S. client base.",
    "Bybit aims for federal license via Clarity Act passage."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}